Among the oil majors eyeing the Arctic prize, Shell has been drilling off the coast of Alaska for decades, Statoil is active in the Norwegian Arctic, and ExxonMobil is exploring with Russia's Rosneft in the Russian far north

The Easy Oil Is Gone So Where Do We Look Now?

By Oilprice.com Andrew Topf—— Bio and Archives--February 24, 2015

Global Warming-Energy-Environment | Comments | Back To Full Article

In 2008, Canadian economist Jeff Rubin stunned the oil market with a bold prediction: With the world economy growing at 5 percent a year, oil demand would grow with it, outpacing supply, thus lifting the oil price from $147 to over $200 a barrel.

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